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News - 24/08/2020

Midlands and North Regional News Aug 2020

The Regions of the North and Midlands have seen a high volume of advisory instructions across a diverse range of business sectors. This wide variety of instructions has allowed the team to demonstrate provenance in applying its knowledge and understanding to the current market conditions.

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The Regions of the North and Midlands have seen a high volume of advisory instructions across a diverse range of business sectors.  This wide variety of instructions has allowed the team to demonstrate provenance in applying its knowledge and understanding to the current market conditions.

Asset Advisory

With the retail sector, especially the High Street, continuing to be adversely affected by the COVID pandemic and ever changing retail landscape, we advised a national discount food retail on both stock and tangible assets through a successful the CVA process.

We advised a major UK Industrial Plc business on the sale of one its precision engineering companies, together with valuation advice to smaller regional engineering businesses requiring asset revaluations to assist in their cash flow management.

Again in the retail sector we have assisted a quasi-bricks & mortar /clicks non-food retail business through a successful restructuring and sale process.

In addition we have assisted a well-known regional food manufacturer with valuation advice in a business sale.  

A national rail and civil engineering business, where again the team has demonstrated its depth of knowledge in this sector by advising upon the current market conditions prevailing upon asset values. 

We have also successfully advised a ground care and maintenance business to successfully restructure and attain additional cash flow.

Asset Disposals

We concluded a successful private treaty sale of Coaches  & Buses, assisting a National Operator, on a part disposal of surplus mini-buses and coach fleet

We also had a number of online auctions in the region, notably;

 

Mears Country Jackets Limited – In Liquidation

 

 

Funky Tents –Marquees by
Stuart Limited – In Liquidation

 Mears Jackets

Funky Tents

 

A bespoke garment manufacturer, selling their machinery and equipment as well as surplus stock, specifically focus of the equestrian market.

 

A valuation & disposal instruction that span the commencement of the current Covid pandemic, further to which we advised a short delay for a the online auction in June which resulted in sale realisations exceeding our clients expectation.

Asset Valuations

The depth and breadth of expertise in the region has as continued to be demonstrated through the provision of single asset valuations to the wider finance community,  who’s appetite to continue lending has, whilst partiality diminished with the commencement of the COVID pandemic, is now starting to trend towards pre COVID levels.

 

ABL Update - Find out more >
LPA Receivership - Find out more >
London & South - Find out more >
South West & Wales - Find out more >

 

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